Prepaid rentLong-term assets:Investment in bondsLandEquipment13,20011,2005,04097,00097,0000292,000202,000232,000292,000262,000202,000Less: Accumulated depreciation(79,000)(57,000)(34,000)Total assets$1,004,200$863,200$720,040Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable$264,600$58,000$93,640Interest payable6,6004,4002,200Income tax payableLong-term liabilities:Notes payable11,20011,00013,200320,000277,000217,000Stockholders' equity:Common stock292,000292,000292,000Retained earnings109,800220,800102,000Total liabilities and stockholders' equity$1,004,200$863,200$720,040Required:1. Assuming that all sales were on account, calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimalplace.)Receivables turnover ratioInventory turnover ratioCurrent ratioDebt to equity ratio20242025timestimestimestimes4.91.4%%

Let's break down each step with detailed explanations and relevant examples.1. Receivables Turnover…

Answered: Prepaid rent Long-term assets:…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter12: Capital Structure

Section: Chapter Questions

Problem 1PROB

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Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
LiabilitiesOMRAssetsOMRShare capital400,000Land and building280,000Net profit60,000Plant and machinery700,000General reserve80,000Stock400,000Debentures840,000Debtors200,000Creditors200,000Bills receivables20,000Bills payable100,000Cash80,000Total1,680,000Total1,680,000 1>calculate total current liabilites 2>calculate total Current assets
$100,000 x 4.79079* = Lease Payments $479,079 Right-of-Use Asset *Present value of an annuity due of $1: n = 6,i = 10%
Use the information below to answer questions 3, 4, 5 and 6. 2020 2021 Sales$5,300 $5,900 Depreciation750850COGS24002900Interest180196Cash200500Accts Receivables200400Notes Payable800550Long-term debt15001950Net fixed assets30003500Accounts Payable250400Inventory700900Dividend payout30%30%Tax rate35%30% What is the ROE for 2021?
What is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61 2 3,132.39 158.86 2,973.53 6,104.08 3,132.39 106.82 3,025.57 3,078.51 4 3,132.38 53.87 3,078.51 0.00 Total 12,529.55 529.55 12,000.00 a. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. b. Fabrizio received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 70% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. C. Reuben received a loan of $12,000 froma bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded every…
Valuation of assets. Using the information provided in the following table, find the value of each asset. Asset End of Year Amount A 1 7000 7% 2 7000 3 7000 B 1 through &inf; 600 5% C 1 0 5% 2 0 3 0 4 0 5 45000 D 1 through 5 1000 3% 6 8900 E 1 6000 7% 2 7000 3 9000 4 11000 5 8000 6 5000
Identify how much should be included in thespecific accounts: a. Issued bonds with face value of P5,000,000 and fair value ofP5,100,000 to purchase equipment with a fair value ofP4,900,000. b. The old equipment has an original cost of P1,500,000,accumulated depreciation of P600,000, and fair value ofP1,000,000. The new equipment obtained throughexchange has a fair value of P1,200,000. The balance was settled with cash. The exchange will not affect the futurecashflows of the entity.
Refer to the following data of OCT2023CPACompany: Assets to be realized 1,375,000Assets acquired 825,000 Liabilities liquidated 1,875,000Assets realized 1,200,000Liabilities not liquidated 1,700,000 Assets not realized 1,375,000Llabilities assumed 1,625,000Llabilities to be liquidated 2,250,000 Supplementary charges 3,125,000 Supplementary credits 2,800,000 Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively
Please calculate capital allowance using declining balance method with the following information: Details of the Fixed Assets: Details Cost NBV Tax Written Down As at 31 Dec 2021 As at 31 Dec 2021 Value as at 1 Jan 2021Motor Vehicles 10,00,000 7,200,000 7,000,000Equipment 15,000,00 12,00,000 6,713,335Office buildings 45,000,000 36,000,000 36,450,000 Included in the cost of motor vehicle is a lorry purchased on 1 April 2021 for $2,000,000…
A CasIT TIOW Duuge [vl section refers to inflows and outflows from the purchase/sale of non-current assets. The [z] section includes inflows and Butiows ITU STIUIT UI TOng lem borro Question 7 Annual Operating Loan Quarter 1 Quarter 2 Beginning Cash Balance 3,000 [5] + Net Cash Flow -13,530 + Operating Loan Borrowing [1] Operating Loan Payment [2] = Ending Cash Balance [3] 2,500 Beginning Operating Loan Balance 25,000 Ending Operating Loan Balance [4] Required Minimum Account Balance: $2,500 Do not include commas or dollar signs here to search End F10 PrtScn DII Home F9 F2 F3 F4 F5 F6 F7 F8 &
Problem 29-24 Long-term financial plans Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 12% in 2018 and all assets and liabilities increase correspondingly. Also assume no new equity is issued and none is repurchased. Income Statement Sales $ 6,600 Costs, including interest 4,800 Net income $ 1,800 Balance Sheet, Year-End 2018 2017 2018 2017 $ 5,800 $ 5,300 $ 2,500 3,300 $ 2,333 2,967 Net assets Debt Equity Total $ 5,800 $ 5,300 Total $ 5,800 $ 5,300 a. What is the value of the addition to retained earnings for 2018? Addition to retained earnings

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